Experiments starting in Cypress, Greece, India and Venezuela will eventually reach the USA, UK and Europe.
Yes it is only a matter of time.
The bureaucrats and central bankers will continue to focus on "regulating cash" and every other aspect of our freedom, but in the end I hope that honest money (gold, silver & Bitcoin) will regulate the irresponsible actions of governments.
Yes although I think it is more likely to come bitcoin and cryptocurrencies since they are easier to hide than gold or silver. You can just memorise a seed or brainkey.
Since 1971, Uncle Sam and others have been running history’s largest, most destructive and (for the first time, global) fiat Ponzi scheme.
Since the gold standard was abandoned? Yes I would agree. The ability to print money whenever you feel like it is just nonsensical.
Yup. BTC is a new asset class that is still misunderstood and underestimated by the governments and banks that will be crushed by it. Gold standard was weak even prior to 1971, when Nixon "temporarily" closed the gold window after France and others hinted strongly that they might prefer gold to Federal Reserve Notes. Fiat money didn't start in 1971, but that was the last time printing of USD was in any way "regulated" by the limited quantity of gold bars in Fort Knox, West Point or Denver.
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Cool thanks for explaining. Yes I never quite understood the reasoning behind removing the gold standard (long term that is).
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